Kerkorian is NOT interested in buying ImClone. Kerkorian is purportedly angry because GM abandoned talks with Nissan/Renault. The real reason for Kerkorian's anger is that GM wants to buy ImClone. Kerkorian wants GM to concentrate on its core capabilities and he is worried that a move on ImClone would be a signal to Toyota that the market is theirs.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.